Treasurer Summers to Host 14th Quarterly Earnings Call on August 21st

August 20, 2018

City Treasurer Kurt Summers will host the 14th Quarterly Earnings Call on Tuesday, August 21, 2018 at 12:00 PM CT to report on the City of Chicago’s investment portfolio performance in Q2 2018. Treasurer Summers will be joined by Kweku Obed, managing partner for Marquette Associates, which serves as the investment consultant for the Chicago Community Catalyst Fund.

Mr. Obed will provide an update regarding the ongoing efforts of the Catalyst Fund, a local investment fund that has been seeded with $100 million from the Chicago City Council. As a neighborhood-focused manager-of-managers fund, the Catalyst Fund will make targeted investments with qualified investment managers, who will then make investments in small businesses, real estate developments, and other neighborhood projects. The goal of the Catalyst Fund is to provide capital to targeted areas outside the downtown LaSalle Street business corridor that have been historically underserved but hold great opportunity for financial reinvestment.

The call will also cover the state of the national economy; key trends in the local economy; and our investment portfolio performance in Q2 2018, including some recent investment strategies that are generating higher returns and supporting socially responsible projects in our own backyard.